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14th. jim, the owner, said, you know what? it's just time to get out. you about he will never lose the memories of this place -- but he will never lose the memories of this place. >> business started out as just in an old house next door. it was fish and poultry. we used to process chickens right out here in the warehouse and used to kill up to 8,000 chickens a day right here on race street. and business just evolved as people got more into seafood our business really started growing. >> reporter: yeah. two families owned it together for generations putting their hearts and souls into the place. family members all worked here. october 14th, they are closing. they are just going to move on with their lives and do something else. not that it's not profitable. it's just that it's time to pac it up. you have the box stores and supermarkets doing the same business. but the good news is the race street restaurant will stay open where they serve the poultry and fish. that will be open for the foreseeable future. live from mobile 5 in san jose, back to you guys. >> thank you. >>> some coup
: but jim and shirley peterson ignored their instincts because they implicitly trusted the people urging them to invest in a sure fire deal. >> they were our friends our best friends. and the main thing was, we had an insurance policy by the california bar association. >> and they said the principal was insured, you know. >> so we couldn't lose. >> reporter: or so they thought. >> your best friends can get you into a lot of trouble. >> reporter: the petersons, who once fancied themselves financially savvy, are now sharing their story. >> they showed us their books. >> reporter: because they believe that if it could happen to them, investor fraud could happen to anyone. >> in the last 18 months, the united states attorneys have handled cases against 800 defendants in investor fraud cases involving losses of more than $20 billion. >> reporter: and u.s. attorney melinda hague says many of the 100,000 victims are retirees, for the same reason crooks rob banks they are now targeting retirement accounts, they go where the money is. >> some of the best deals are the deals you don't make. >> re
Search Results 0 to 1 of about 2